# BYM Capital Limited (09862005)

> Why UK company 09862005 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/09862005

- **Status:** In administration
- **Administration began:** 2023-10-19
- **Administrators:** Philip Lewis Armstrong, Philip James Watkins
- **Administrators' firm:** FRP Advisory
- **Formerly:** Altitude Finance Ltd
- **Incorporated:** 2015-11-09
- **Location:** London
- **Industry:** 68310 Real estate agencies

## Why it went into administration

- Creditor pressure / legal action
- Property / lease costs

## From the administrators' statement

The Company was incorporated on 9 November 2015 and is variously the sole owner or has joint ownership interests in property-holding SPVs. In addition, the Company holds intercompany positions with the wider Group to which it provided management and finance services. A structure chart is attached at Appendix A.

Business & operations

The wider Group operated as a real estate investment and development business, carried out through a network of SPVs, owned wholly by the Company, personally by its directors (directly or through a separate corporate vehicle), or jointly with other parties. These SPVs purchased and in many cases carried out the development of land and property using various third-party professionals, contractors, and subcontractors, with funding provided by a range of investors, including various senior and mezzanine lenders.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/09862005/filing-history/MzQwNDgzNTY4NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/09862005

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.